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reform from medicare. martha, i have to tell you. i got new numbers from medicare, from trustees, actually. medicare has to pay out in the future $42 trillion. that is money which it does not now have. so you can see that this is very serious issue. cuts in spending, cuts to medicare. who will make them? it is very serious because what that kind of money outstanding you need some kind of an agreement and fast. the bottom line right now, martha, it is again an impasse. martha: that's a huge number, stuart. it was about 38 trillion just less than a year ago i believe. >> yes. martha: so that number has really ballooned to 42 trillion as stuart shares with us in terms of those numbers. let's go back to the republican side for just a moment because i think there is a discrepancy in terms of the understanding what republicans seem to be agreeing to do. there is difference between raising tax rates which they have said they will not do. so i don't see any ground being ceded on the raising of tax rates for the wealthy but the changing of loopholes that would indeed, would that produce r
medicare and medicaid, we're talking about people's lives and health care. this is part of the reason why the president doesn't want social security to be part of it. why folk on the left are still angry that something like medicare or medicaid are sort of used as false equivalencies with tax increases. we have to think about people's real lives and health care really addresses those issues versus wealthy folk paying a little more. >> david, if that's the case, if professor peterson is right, why then did the president when he was in the process of negotiating a grand bargain with speaker boehner, agree to suggest or even imply that, for example, the age of qualification for certain of these entitlements would go up? >> the president has decided that the way to deal with this overall, i'm not saying this is right or wrong, is that we have divided government which means we're going to try to take care of the deficit and the tax cut and also the debt ceiling issue all at once. he tried to do that two summers ago and came close and he felt you had to give up something in terms of -- not soci
. this is the pursuit of perfection. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it helps pick up some of what medicare doesn't pay. and could save you thousands in out-of-pocket costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now and request this free decision guide to help you better understand medicare... and which aarp medicare supplement plan might be best for
it for the country, but only if democrats are willing to make reforms on entitledment programs, medicare and medicaid and social security. that is big if. good morning, hope your turkey was great. martha: good morning, everybody, i'm martha maccallum. you've got this. congressman peter king and now senator bob corker say they will ignore the decades old pledge that was signed by 241 house members and senators. he says he believes it is a huge game-changer. >> when you're $16 trillion in debt the only pledge we should make to each other is to avoid becoming greece. republicans should put revenue on the table. we're this far in debt. we don't generate enough revenue. capping deductions will help generate revenue. raising tack rates will hurt job creation. bill: this is the heart of the matter. stuart varney, host of "varney & company". morning to you, sir? >> this is a real shift. one of the two sides had some movement in their position on the tax side of the debate. that side is the republican side. as you heard there from senator lindsey graham, other, and other republican, they are now prepared to a
they shouldn't do the happy dance just yet. republicans will want payback, as in medicare, medicaid and social security. so for all of you who want tax hikes for the wealthy, what are you willing to give up in return? on social security? raising the retirement age to 70? on medicare, a total revamp is in instead of the government paying your medicare bills, you pay them with help from the government? you tell me. talk back question this morning, what should republicans expect in return for new taxes? facebook.com/carolcnn. facebook.com/carolcnn. your comments later this hour. >>> more republican lawmakers -- well, as i just said, they're willing to break that no new tax pledge. we'll talk about that with our political panel, next. we use this board to compare car insurance rates side by side so you get the same coverage, often for less. that's one smart board. what else does it do, reverse gravity? [ laughs ] [ laughs ] [ whooshing ] tell me about it. why am i not going anywhere? you don't believe hard enough. a smarter way to shop around. now that's progressive. call or click today. [ gruntin
found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral. see why millions of people have already enrolled in the only medicare supplement insurance plans endorsed by aarp. don't wait. call now. ♪ ♪ every time he drinks he thinks of her ♪ ♪ but every morning her memory fades away ♪ >> every time he drinks he thinks of her. >> willie's son lucas nelson wrote it. with me now, talented guys your sons? >> yes. >> one
entitlement reform for one simple reason. medicare untouched, unchanged, runs out of money in 12 years. we need to take a hard look at it to find ways to preserve this important program, have savings that don't hurt the beneficiaries, and actually do reduce the deficit in the process. >> what about those republican critics, senator, who say it's not possible to make any real progress without -- on spending, shall we say, without seriously addressing the medicare, the medicaid, maybe even the social security entitlement program and to do it now? >> social security doesn't add one penny to the deficit. it's a separate trust fund. i believe it needs reform over a long period, but it should be done separately from this showdown over the fiscal cliff. medicare as i mentioned will run out of money if we don't do something. it runs out in 12 years. medicaid, the health insurance program for the poor across america, is critically important. one out of three people in this country are going to rely on medicare and medicaid for their health insurance. so we need to find ways to preserve these progra
dick durbin says medicare and medicaid are fair game in deficit negotiations, but insist social security should be left alone. >> social security does not add one penny to our debt, not a penny. it's a separate funded operation, and we can do things, and i believe we should now, smaller things, played out over the long term that gives it solvency. medicare is another story. only 12 years of solvency lie ahead if we do nothing. so those who say don't touch it, don't change it are ignoring the obvious. >> despite showing willingness for reform -- >> can we talk about that for a second? >> i don't want to repeat what you said. >> it's bull hockey. >> that's not what you said. >> this whole thing has been a complete farce for years. there's no trust fund. they raided that a long time ago. but the bigger point, i will because you know what? my heart has grown like the grinch's since thanksgiving. i have so much to be thankful for. >> it's been growing ever since election day, basically. >> so i'm going to be kind. first of all, senator durbin deserves respect on this front because he
. it takes passion. and it's not letting up anytime soon. if you're eligible for medicare, you might know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help pay some of the difference. and could save you in out-of-pocket medical costs. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now to request a free decision guide to help you understand medicare. and which aarp medicare supplement plan might work best for you. there's a range to choose from, depending on your needs and your budget. and they all travel with you -- anywhere in the country. best of all, you'll be joining the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. ♪ reme
identity. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. you know, one job or the other. the moment i could access the retirement plan, i just became firm about it -- you know, it's like it just hits you fast. you know, you start thinking about what's really important here. ♪ >>> breaking news tonight on the li
absorption in one daily dose. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. and social security strong for generations to come. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> breaking news tonight on the libya mess. a new allegation that the obama administration still cannot get its story straight after so much time, even as recently as this morning. ironically, this latest charge flows directly out of an attempt at damage control. u.n. ambassador susan rice's tri
for medicare. >> there will be gaps in coverage. >> another chairman max baucus told the newspaper in his home state the wish list for the debt talk includes more money. tax credit for wind farms in montana, protecting rural hospitals and ending the estate tax. others are going further urging the president to allow the nation to dive off the cliff with the automatic touch to pentagon -- cuts to pentagon ib stead of to domestic programs. >> on the question of leadership, the white house aides say the past weekend, the president called both senator reid and speaker boehner to get things going. there is a talk of a immediating at the white house later this week. >> ed henry live on the north lawn. thank you. stocks were mixed. the dow lost 42. nasdaq gained ten. they are still trying to find a deal for bail-out money for greece. they failed to reach an agreement twice in two weeks. mary schapiro is leaving next month. she will be replaced by the sikh commission member elite walter. you may want to let go of your mouse and pay attention the next story. you and your fellow americans are expected to
and not touch medicare or medicaid? it is all part of the deal. >> gretchen: once you get people back to the table. it is it like a marriage, marriages don't work when one party said i will not budge on anything. >> brian: i hope my wife is listening. >> steve: we are in the let's make a deal stage. both sides want to appear flexibility when it comes to doing something. we aapparently the president of the united states. the week after thanksgiving nothing is scheduled. but we understand that the top aides are working together to do something. who is leading the charge for the white house? tim geithner. it is interesting, in the beginning, during the confirmation it was revealed he did not file taxes properly and people say is he qualified to be the treasury of the secretary. according to the wall street journal. they work with him and like him. and jack lu who did it last time blew it. >> gretchen: why not have bowles-simpson come back. why do we spend more time. rephrase that. why are we wasting more time trying to come together on a deal when the bowles-simpson. >> brian: they didn'
: senator graham says age adjustment and means testing for medicare and social security is a reasonable thing. but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come from an increase on the tax rates of top earners, which is currently 35%. >> let the rates go up to 39. let us also take a look at the deductions. let's make sure that revenue is an integral part of deficit reduction. from my side of the table, bring entitlement reform into the conversation. social security, set aside, doesn't add to the deficit. when it comes to medicare and medicaid, protect the integrity of the program, but give it solvency for more and more years. >> reporter: a source with engine of knowledge -- with knowledge of the negotiation says there is no date set in stone for the next meeting among the principle negotiate othe timing will depend on the progress of staff member, in the next few days. but we should not be surprised if they get together, sthiem week. shannon. >> shannon: we wish them much luck. thank you. our worst-case scenario, th
in the making. and there are many years ahead. join the millions of members who've chosen an aarp medicare supplement insurance plan insured by unitedhealthcare insurance company. go long. [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org. with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. it's cramping. go ice that thing. sorry. hand cramp. ahh. [ male announcer ] cyber monday is back. shop now for great savin
if democrats agree to reform entitlements like social security and medicare. >> i don't expect the democrats to go for premium ouci do expect them to adjust these entitlement programs before they bankrupt the company. some entilement reform is okay with illinois democratic senator dig durbin, but thinks that social security should be left alone. >> social security does not add one penny to our debt. not a penny. it's a separate funded operation and we can do things and i believe we should, smaller things played out long-term that give it solvency. >> and congressman peter king says nobody will get all they want, but if president reagan and speaker o'neill could get a deal, president obama and speaker boehner should as well. >> harris: let's hope that's true. thank you. right now, a child missing, city on edge and volunteers going door-to-door to try to find young dylan. also, no longer a mysteries, but an official cause. we now know why a strip club blew up and more than 40 buildings and homes including a day care center were heavily damaged. debris for blocks. and we'll check with the firef
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that theo personalty not policy, let's talk about the issue, is medicare going bankrupt or not, senator dirk durban saying we have to tackle medicare or it will be bankrupt in 12 years. let's talk about that instead of norquist, he is one of the most selfless guys in politics. you know this is a reagannesque parts of the soul of the republican party, if some want to break their own pledge to voters not to raise taxes they can do that and be account able. lou: there is not a reagan nesque figure in the republican party right now who is the intellectual leader right now? what group of the republican party? the governors? >> kelly ann is right, governors, there are 38 republican governors, there will be after the first of the year. we'll see who emerges. lou: striking you are not hearing speaker boehner or mitch mcconnell. >> when have congressional leaders been major lead irs of their party, they are wheel ordealers. >> politics abhors a vacuum. lou: governors are nation -- >> but, several are chief executives. i want to stick up for mcconnell and boehner, they are playing hand theying dealt,
people over the age of 65. and republicans, like democrats, like programs like medicare and social security so when you have a lot more old people, those programs get more expensive and that means that it's hard to keep tax levels exactly where they have been during the bush years. >> stephen: that's fine. but why is this happening publicly. why are people like lindsey graham and saxby chambliss saying this sort of thing in public? is there a new political environment where these congressmen, these senators want to appear reasonable and responsive? >> it's more than just appearing reasonable and responsive. >> stephen: really. can't we just appear in way and then later get what we want. want? there's more than one way to skin a cat here. >> you might be aware that republicans really like a guy called ronald reagan. perhaps you've heard of him. >> stephen: i feel a ronald reagan tattoo on the small of my back. >> i should hope so. >> i'm getting a reagan tattoo on my face. but what i want to tell you is that ronald reagan agreed to tax reform that led to lower tax rates but also hig
taxes. we have a significant problem with entitlements. medicare, medicaid in particular. those things need to get resolved together. if we could actually develop a $4 trillion credible market credible plan that would cause everyone out there to say, wow, we can govern again. >> yeah. >> this debt crisis has been averted. the fiscal crisis been averted. we've got past all this. there's a lot of money on the sidelines that people are willing to invest. people like me just aren't hiring now because we're not confident they can do it. >> and that's i think the positive case. i guess my question for business leaders like yourself, you've worked with this president. you have been more of an ally of this white house. you know as well as i do a lot of your colleagues, fellow ceos, are really upset with this white house. is there a way for him to rebuild an alliance here with corporate america, to get some of these things done? >> of course there is. and if you take a look at what we've been able to do with our fix the debt campaign, the campaign to fix the debt, that's a group of ceos who hav
to come to the table and perhaps give in on entitlement reform on medicare, medicaid, and some of these other programs that have really been sacrosanct to the democratic party. >> and just very quickly, mark, we're seeing a lot of public rhetoric, but there are talks, negotiations going on between the staffs of all these politicians in washington. is that pretty much how it works? we get the upfront and behind the scenes is where they do the real work? >> we'll show the photo-ops when we see president obama and the congressional leaders get together like we did on november 16th. really the hard work is done by the staff on capitol hill, and from the white house. we saw that happen over the thanksgiving week. it was not as productive as some people had hoped. but, we are getting to the point right now, 35 days until the fiscal cliff, deb, and they have to reach an agreement. there's still plenty of time left for an agreement to be reached. we're not quite there, but we're getting close. >> mark preston for us. thanks so much. >>> 32 minutes past -- 33 minutes past the hour. poli
Search Results 0 to 28 of about 29 (some duplicates have been removed)